Natrona County vs. Wyoming
Comparative Trends Analysis:
Per Capita Personal Income Growth and Change, 1969-2022
Introduction
Natrona County vs. Wyoming
Natrona County:
2022 PCI = $68,472
2022 Percent of State = 93.48%
Wyoming:
2022 PCI = $73,248
Per Capita Income (PCI) is one of the most widely used indicators for gauging the economic performance and changing fortunes of local economies. It is used as a yardstick to assess the economic well being of a region's residents and the quality of consumer markets. It serves as a barometer for calibrating the economic performance of a region over time and to judge differences in relative economic prosperity between regions. Shifting trends in local per capita income growth have important social and political ramifications and significant implications in formulating local economic development strategies and initiatives.
Data Definition:
This measure of income is calculated as the total personal income of the residents of an area divided by the population of the area. Per capita personal income is often used as an indicator of consumers' purchasing power and of the economic well-being of the residents of an area.
Personal income is measured as a flow throughout the year, while the measurement of population is at one point in mid-year. Therefore, per capita income is distorted if a significant change in population occurs during the year.
For smaller counties in particular, per capita income in any given year may be exceptionally high or low for the short run because of unusual local conditions, such as a bumper crop, a catastrophe, or a major construction project as the building of a dam or nuclear power plant.
Farm incomes are notorious for being especially volatile year-to-year, owing to changing weather, commodity market conditions, and alterations in government programs. Therefore, the per capita income of farm-dependent counties may exhibit sharp fluctuations over time.
The presence of large institutional populations--such as residents attending a local college or the residents of a local prison or state mental institution--can significantly lower the per capita income estimates of an area. Such results may not reflect the relative economic well being of the non-institutional population and may mislead if care is not given to their interpretation.
Natrona County Per Capita Personal Income, 1970-2022
Current vs. Constant Dollars
Natrona County Per Capita Personal Income, 1970-2022
Current vs. Constant Dollars
Figure 1.
Figure 1 depicts Natrona County's annual per capita personal income over 1970-2022 in current and constant (2017) dollars. Constant dollar measurements remove the effects of inflation. They allow for comparison of changes in the real purchasing power of Natrona County over time.
When measured in current dollars, Natrona County's per capita personal income increased 1,357.33%, from $4,698 in 1970 to $68,472 in 2022. When measured in constant 2017 dollars to adjust for inflation, it advanced 148.23%, from $23,770 in 1970 to $59,005 in 2022.
Real Per Capita Personal Income, 1969-2022
Real Per Capita Personal Income, 1969-2022
Figure 2.
Figure 2 traces Natrona County's and Wyoming's annual real per capita personal income for the period 1969-2022 to illustrate real per capita personal income patterns over time. During this 54-year period, Natrona County's real per capita personal income rose from $23,120 in 1969 to $59,005 in 2022, for a net gain of $35,886, or 155.22%. In comparison, Wyoming's real per capita personal income increased from $19,615 in 1969 to $63,121 in 2022, for a net gain of $43,506, or 221.80%.
Real Per Capita Personal Income Indices (1969=100): 1969-2022
Real Per Capita Personal Income Indices (1969=100): 1969-2022
Figure 3.
Figure 3 portrays Natrona County's real per capita personal income growth in a broader context by offering direct comparisons across time with Wyoming, the United States. The growth indices shown here express each region's real per capita personal income in 1969 as a base figure of 100, and the real per capita personal incomes in later years as a percentage of the 1969 base figure. This method allows for more direct comparison of differences in real per capita personal income growth between regions that may differ vastly in size.
Natrona County's overall real per capita personal income growth was 155.22% over 1969-2022 trailed Wyoming's increase of 221.80%, and fell below the United States' increase of 171.04%.
Per Capita Personal Income as a Percent of the U.S. Average: 1969-2022
Per Capita Personal Income as a Percent of the U.S. Average: 1969-2022
Figure 4.
Figure 4 depicts the trends for per capita personal income relative to the national average by tracing Natrona County and Wyoming per capita personal income as a percent of the national average over 1969-2022.
In 1969, Natrona County's per capita personal income amounted to 111.07% of the national average; in 2022, it approximated 104.59%. Similarly, in 1969, Wyoming's per capita personal income totaled 94.23% of the national average; in 2022, it consisted of 111.88%.
Natrona County Real Per Capita Personal Income:
Annual Percent Change, 1970-2022
Natrona County Real Per Capita Personal Income:
Annual Percent Change, 1970-2022
Figure 5.
Figure 5 shows the short-run pattern of Natrona County's real per capita personal income growth by tracking the year-to-year percent change over 1970-2022. The average annual percent change for the entire 53-year period is also illustrated on this chart to provide a benchmark for gauging periods of relative high--and relative low--growth against the backdrop of the long-term average.
On average, Natrona County's real per capita personal income grew at an annual rate of 1.96% over 1970-2022. The county recorded its highest growth in 2006 (11.84%) and recorded its lowest growth in 2009 (-15.01%). In 2022, Natrona County's real per capita personal income declined by -3.98%
Natrona County Real Per Capita Personal Income:
Annual Percent Change and Decade Averages Over 1970-2022
Natrona County Real Per Capita Personal Income:
Annual Percent Change and Decade Averages Over 1970-2022
Figure 6.
Over the past five decades some counties have experienced extreme swings in growth, and often such swings have tended to coincide with the decades themselves. Figure 6 again depicts the annual percent change in Natrona County's real per capita personal income since 1970, but this time they are overlayed with average growth rates for the decade of the 1970s, 1980s, 1990s, 2000s, 2010s, and 2020-2022.
During the 1970s, Natrona County's annual real per capita personal income growth rate averaged 4.81%. It averaged -0.84% in the 1980s, 1.90% throughout the 1990s, 2.85% during the 2000s, 2.21% during the 2010s, -1.79% thus far this decade (2020-2022).
Real Per Capita Personal Income Growth:
Average Annual Percent Change by Decade
Real Per Capita Personal Income Growth:
Average Annual Percent Change by Decade
Figure 7.
Figure 7 compares the decade average growth rates for Natrona County noted in the previous graph with the corresponding decade averages for Wyoming and the nation. As the chart reveals, Natrona County's average annual real per capita personal income growth outperformed Wyoming's average during the 1970s (4.81% vs. 4.27%), posted below Wyoming's average during the 1980s (-0.84% vs. -0.16%), fell below Wyoming's average in the 1990s (1.90% vs. 2.75%), fell below Wyoming's average in the 2000s (2.85% vs. 2.89%), exceeded Wyoming's average during the 2010s (2.21% vs. 1.85%), and amounted to less than Wyoming's average over the 3 year period of the current decade, 2020-2022 (-1.79% vs. 1.89%).
Finally, relative to nationwide real per capita personal income growth trends, Natrona County recorded above the nation over the 1970s (4.81% vs. 2.37%), fell below the nation over the 1980s (-0.84% vs. 2.19%), posted below the nation during the 1990s (1.90% vs. 2.01%), led the nation throughout the 2000s (2.85% vs. 1.10%), recorded above the nation throughout the 2010s (2.21% vs. 1.97%), and fell under the nation over 2020-2022 (-1.79% vs. 1.78%).
   
 
Real* Per Capita Personal Income Growth:
Average Annual Percent Change
 
 
 
1.96
4.81
-0.84
1.90
2.85
2.21
-1.79
-3.98
 
2.30
4.27
-0.16
2.75
2.89
1.85
1.89
-2.44
 
1.92
2.37
2.19
2.01
1.10
1.97
1.78
-4.55
 
   

Interactive TableTip: To augment your analysis click on the column headers in the following table to rank and/or sort the data.

   
 
Natrona County:
Per Capita Personal Income, 1969-2022
 
1969
 
4,366
0.189
23,120
100.0
N
117.87
111.07
1970
 
4,698
0.198
23,770
102.8
2.81
116.35
111.92
1971
 
4,977
0.206
24,155
104.5
1.62
113.01
111.33
1972
 
5,212
0.213
24,460
105.8
1.26
107.32
107.31
1973
 
6,018
0.225
26,799
115.9
9.56
108.01
112.21
1974
 
7,281
0.248
29,366
127.0
9.58
115.26
124.76
1975
 
8,357
0.269
31,114
134.6
5.95
121.95
132.16
1976
 
8,843
0.283
31,211
135.0
0.31
120.98
128.62
1977
 
10,273
0.302
34,045
147.3
9.08
125.25
136.69
1978
 
11,740
0.323
36,374
157.3
6.84
125.41
140.50
1979
 
12,926
0.351
36,782
159.1
1.12
123.86
140.01
1980
 
14,013
0.389
35,997
155.7
-2.13
120.65
137.60
1981
 
15,720
0.424
37,063
160.3
2.96
122.81
139.22
1982
 
15,636
0.448
34,925
151.1
-5.77
119.76
130.41
1983
 
14,708
0.467
31,510
136.3
-9.78
114.27
115.80
1984
 
15,684
0.484
32,379
140.0
2.76
115.63
112.92
1985
 
15,849
0.501
31,616
136.8
-2.36
110.67
107.48
1986
 
14,916
0.512
29,122
126.0
-7.89
103.76
96.34
1987
 
15,988
0.528
30,279
131.0
3.97
111.59
98.52
1988
 
16,762
0.549
30,551
132.1
0.90
111.47
96.10
1989
 
19,056
0.573
33,279
143.9
8.93
114.45
102.13
1990
 
21,213
0.598
35,488
153.5
6.64
116.92
108.12
1991
 
21,013
0.618
34,017
147.1
-4.15
111.56
104.80
1992
 
21,926
0.634
34,573
149.5
1.63
112.07
104.03
1993
 
22,762
0.650
35,019
151.5
1.29
111.63
104.83
1994
 
22,917
0.664
34,536
149.4
-1.38
109.13
101.62
1995
 
23,170
0.678
34,198
147.9
-0.98
106.42
98.27
1996
 
24,054
0.692
34,758
150.3
1.64
106.33
97.28
1997
 
26,076
0.704
37,036
160.2
6.55
107.57
100.58
1998
 
27,227
0.710
38,365
165.9
3.59
105.92
99.03
1999
 
28,767
0.720
39,954
172.8
4.14
104.97
100.61
2000
 
32,502
0.738
44,028
190.4
10.20
110.45
106.39
2001
 
31,798
0.753
42,228
182.6
-4.09
101.87
100.80
2002
 
32,256
0.763
42,281
182.9
0.13
101.40
101.43
2003
 
34,018
0.779
43,673
188.9
3.29
101.12
104.16
2004
 
35,963
0.798
45,051
194.9
3.16
100.12
105.21
2005
 
40,247
0.821
49,006
212.0
8.78
103.44
112.83
2006
 
46,280
0.844
54,808
237.1
11.84
105.65
122.30
2007
 
47,023
0.866
54,295
234.8
-0.94
103.05
118.78
2008
 
53,805
0.892
60,340
261.0
11.13
108.80
131.70
2009
 
45,599
0.889
51,281
221.8
-15.01
102.47
116.01
2010
 
50,124
0.905
55,377
239.5
7.99
108.04
123.59
2011
 
54,087
0.928
58,281
252.1
5.24
106.83
126.82
2012
 
60,159
0.945
63,637
275.2
9.19
112.24
135.99
2013
 
61,453
0.958
64,159
277.5
0.82
116.31
138.40
2014
 
68,305
0.971
70,330
304.2
9.62
121.43
147.57
2015
 
69,893
0.973
71,833
310.7
2.14
124.54
145.43
2016
 
61,137
0.983
62,205
269.1
-13.40
114.44
124.84
2017
 
62,866
1.000
62,866
271.9
1.06
111.51
123.26
2018
 
67,452
1.020
66,099
285.9
5.14
113.95
126.53
2019
 
64,514
1.035
62,325
269.6
-5.71
104.28
116.14
2020
 
63,738
1.046
60,915
263.5
-2.26
97.22
107.75
2021
 
66,986
1.090
61,454
265.8
0.89
94.99
103.97
2022
 
68,472
1.160
59,005
255.2
-3.98
93.48
104.59
Source: Calculations by the Wyoming Regional Economic Analysis Project (WY-REAP)
with data provided by the U.S. Department of Commerce, Bureau of Economic Analysis
November 2023
REAP_PI_CA1400_700_PSN
 
   

Interactive TableTip: To augment your analysis click on the column headers in the following table to rank and/or sort the data.

   
 
Wyoming:
Per Capita Personal Income, 1969-2022
 
1969
 
3,704
0.189
19,615
100.0
N
94.23
1970
 
4,038
0.198
20,430
104.2
4.16
96.20
1971
 
4,404
0.206
21,375
109.0
4.62
98.51
1972
 
4,856
0.213
22,791
116.2
6.63
99.99
1973
 
5,571
0.225
24,811
126.5
8.86
103.88
1974
 
6,317
0.248
25,477
129.9
2.69
108.24
1975
 
6,853
0.269
25,514
130.1
0.14
108.37
1976
 
7,309
0.283
25,797
131.5
1.11
106.31
1977
 
8,203
0.302
27,183
138.6
5.37
109.14
1978
 
9,361
0.323
29,004
147.9
6.70
112.03
1979
 
10,436
0.351
29,697
151.4
2.39
113.04
1980
 
11,614
0.389
29,835
152.1
0.47
114.05
1981
 
12,801
0.424
30,180
153.9
1.15
113.37
1982
 
13,056
0.448
29,161
148.7
-3.37
108.89
1983
 
12,872
0.467
27,577
140.6
-5.43
101.35
1984
 
13,564
0.484
28,002
142.8
1.54
97.66
1985
 
14,321
0.501
28,569
145.6
2.02
97.12
1986
 
14,376
0.512
28,068
143.1
-1.75
92.86
1987
 
14,327
0.528
27,134
138.3
-3.33
88.29
1988
 
15,037
0.549
27,408
139.7
1.01
86.22
1989
 
16,650
0.573
29,078
148.2
6.09
89.24
1990
 
18,142
0.598
30,351
154.7
4.38
92.47
1991
 
18,836
0.618
30,492
155.5
0.47
93.95
1992
 
19,565
0.634
30,850
157.3
1.17
92.83
1993
 
20,392
0.650
31,372
159.9
1.69
93.91
1994
 
21,000
0.664
31,647
161.3
0.88
93.12
1995
 
21,773
0.678
32,135
163.8
1.54
92.35
1996
 
22,622
0.692
32,689
166.7
1.73
91.49
1997
 
24,241
0.704
34,429
175.5
5.32
93.50
1998
 
25,704
0.710
36,220
184.7
5.20
93.49
1999
 
27,404
0.720
38,061
194.0
5.08
95.84
2000
 
29,426
0.738
39,861
203.2
4.73
96.32
2001
 
31,215
0.753
41,453
211.3
3.99
98.95
2002
 
31,810
0.763
41,695
212.6
0.58
100.03
2003
 
33,642
0.779
43,190
220.2
3.58
103.01
2004
 
35,921
0.798
44,998
229.4
4.19
105.08
2005
 
38,907
0.821
47,374
241.5
5.28
109.08
2006
 
43,805
0.844
51,877
264.5
9.51
115.76
2007
 
45,634
0.866
52,690
268.6
1.57
115.27
2008
 
49,451
0.892
55,457
282.7
5.25
121.04
2009
 
44,499
0.889
50,043
255.1
-9.76
113.21
2010
 
46,395
0.905
51,257
261.3
2.43
114.39
2011
 
50,630
0.928
54,556
278.1
6.44
118.71
2012
 
53,596
0.945
56,695
289.0
3.92
121.16
2013
 
52,836
0.958
55,163
281.2
-2.70
119.00
2014
 
56,252
0.971
57,920
295.3
5.00
121.53
2015
 
56,122
0.973
57,680
294.1
-0.41
116.78
2016
 
53,421
0.983
54,354
277.1
-5.77
109.09
2017
 
56,377
1.000
56,377
287.4
3.72
110.54
2018
 
59,195
1.020
58,007
295.7
2.89
111.04
2019
 
61,863
1.035
59,764
304.7
3.03
111.37
2020
 
65,558
1.046
62,654
319.4
4.83
110.83
2021
 
70,522
1.090
64,699
329.8
3.26
109.46
2022
 
73,248
1.160
63,121
321.8
-2.44
111.88
Source: Calculations by the Wyoming Regional Economic Analysis Project (WY-REAP)
with data provided by the U.S. Department of Commerce, Bureau of Economic Analysis
November 2023
REAP_PI_CA1400_700_PSN
 
   

Interactive TableTip: To augment your analysis click on the column headers in the following table to rank and/or sort the data.

   
 
United States:
Per Capita Personal Income, 1969-2022
 
1969
 
3,931
0.189
20,816
100.0
N
1970
 
4,198
0.198
21,238
102.0
2.03
1971
 
4,471
0.206
21,697
104.2
2.16
1972
 
4,857
0.213
22,793
109.5
5.05
1973
 
5,363
0.225
23,883
114.7
4.78
1974
 
5,836
0.248
23,537
113.1
-1.45
1975
 
6,324
0.269
23,544
113.1
0.03
1976
 
6,875
0.283
24,265
116.6
3.07
1977
 
7,516
0.302
24,906
119.6
2.64
1978
 
8,356
0.323
25,889
124.4
3.95
1979
 
9,232
0.351
26,271
126.2
1.47
1980
 
10,184
0.389
26,160
125.7
-0.42
1981
 
11,291
0.424
26,621
127.9
1.76
1982
 
11,990
0.448
26,781
128.7
0.60
1983
 
12,701
0.467
27,210
130.7
1.61
1984
 
13,889
0.484
28,674
137.7
5.38
1985
 
14,746
0.501
29,417
141.3
2.59
1986
 
15,482
0.512
30,227
145.2
2.75
1987
 
16,228
0.528
30,733
147.6
1.67
1988
 
17,442
0.549
31,790
152.7
3.44
1989
 
18,658
0.573
32,584
156.5
2.50
1990
 
19,619
0.598
32,821
157.7
0.73
1991
 
20,050
0.618
32,457
155.9
-1.11
1992
 
21,077
0.634
33,234
159.7
2.39
1993
 
21,713
0.650
33,405
160.5
0.51
1994
 
22,552
0.664
33,986
163.3
1.74
1995
 
23,577
0.678
34,798
167.2
2.39
1996
 
24,725
0.692
35,729
171.6
2.67
1997
 
25,925
0.704
36,822
176.9
3.06
1998
 
27,493
0.710
38,740
186.1
5.21
1999
 
28,592
0.720
39,711
190.8
2.51
2000
 
30,551
0.738
41,384
198.8
4.21
2001
 
31,548
0.753
41,895
201.3
1.23
2002
 
31,801
0.763
41,684
200.2
-0.50
2003
 
32,659
0.779
41,928
201.4
0.59
2004
 
34,183
0.798
42,821
205.7
2.13
2005
 
35,669
0.821
43,432
208.6
1.43
2006
 
37,843
0.844
44,816
215.3
3.19
2007
 
39,588
0.866
45,710
219.6
1.99
2008
 
40,854
0.892
45,816
220.1
0.23
2009
 
39,307
0.889
44,204
212.4
-3.52
2010
 
40,557
0.905
44,808
215.3
1.36
2011
 
42,649
0.928
45,956
220.8
2.56
2012
 
44,237
0.945
46,795
224.8
1.83
2013
 
44,401
0.958
46,357
222.7
-0.94
2014
 
46,287
0.971
47,659
229.0
2.81
2015
 
48,060
0.973
49,394
237.3
3.64
2016
 
48,971
0.983
49,826
239.4
0.88
2017
 
51,004
1.000
51,004
245.0
2.36
2018
 
53,309
1.020
52,240
251.0
2.42
2019
 
55,547
1.035
53,662
257.8
2.72
2020
 
59,153
1.046
56,533
271.6
5.35
2021
 
64,430
1.090
59,110
284.0
4.56
2022
 
65,470
1.160
56,419
271.0
-4.55
Source: Calculations by the Wyoming Regional Economic Analysis Project (WY-REAP)
with data provided by the U.S. Department of Commerce, Bureau of Economic Analysis
November 2023
REAP_PI_CA1400_700_PN
 
   
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